Genworth Financial (NYSE:GNW) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Genworth Financial, Inc. (NYSE:GNW) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.68 and traded as high as $9.28. Genworth Financial shares last traded at $9.0750, with a volume of 2,544,135 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GNW. Weiss Ratings raised shares of Genworth Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Genworth Financial from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $10.50 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Genworth Financial presently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Genworth Financial Stock Performance

The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.48 billion, a PE ratio of 17.45 and a beta of 0.89. The stock’s 50 day simple moving average is $8.66 and its two-hundred day simple moving average is $8.68.

Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.10. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.72 billion. Genworth Financial had a net margin of 2.96% and a return on equity of 1.73%.

Hedge Funds Weigh In On Genworth Financial

A number of large investors have recently bought and sold shares of GNW. Bessemer Group Inc. increased its position in shares of Genworth Financial by 60.6% in the third quarter. Bessemer Group Inc. now owns 3,830 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 1,445 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Genworth Financial in the second quarter worth $44,000. Larson Financial Group LLC increased its position in shares of Genworth Financial by 12,597.7% in the third quarter. Larson Financial Group LLC now owns 5,587 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 5,543 shares in the last quarter. Atlas Wealth LLC acquired a new stake in shares of Genworth Financial in the first quarter worth $51,000. Finally, Danske Bank A S acquired a new stake in shares of Genworth Financial in the third quarter worth $60,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Genworth Financial Company Profile

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.